Trend Analysis: BTC ETH XRP BCH LTC

28 Ağu 2018

BTC/USD
Overview:
The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.

Current situation:
The quotation of BTC/USD went above the level of $7000. In case of fixing the price above this level, the following targets will be the marks: $7200, $7500. Levels of possible price rollback: $6800, $6600. Cancellation of a long signal is the price going below $ 6600.

Resistance levels: $7200; $7500, $7800.
Support levels: $6350; $6100; $5800; $5400; 4500

Forecast:
We continue to expect the end of the correction of Bitcoin's price in the $7000- $7500 zone.

ETH/USD
Overview:
The global trend remains descending.

Current situation:
The quotation of the Ethereum continues its growth. The goal is in the zone: $350- $380. Cancellation of a long-distance signal is a price reduction below $270.

Resistance levels: $300; $325; $350; $ 380; $400.
Support levels: $270; $250; $240, $220, $180.

Forecast:
We expect the end of the price correction of the Ethereum in the $350- $380 zone.

XRP/USD
Overview:
Trend is downward.

Current situation:
The price of Ripple came out of consolidation and is trading near the $0.35 level. We expect the price of XRP/USD to continue to increase to $0.38- $0.42. The cancellation of the forecast is the exit of the price below $0.32.

Resistance levels: $0.36; $0.38; $0.40; $0.44; $0.47; $0.52; $0.54.
Support levels: $0.32; $0.30; $0.28; $0.24; $0.22.

Forecast:
Ripple price rising up to $0.38- $0.42.

BCH/USD
Overview:
Trend is bearish.

Current situation:
Bitcoin Cash buyers managed to bounce off the support line of the growth channel. The price overcame the psychological level of $530. We expect the price to continue to increase to the $650- $680 zone. Cancellation of the signal is the price going below $520.

Resistance levels: $585; $600; $620; $650; $680.
Support levels: $520; $500; $470; $450; $400.

Forecast:
The rise of the Bitcoin Cash price to $680.

LTC/USD
Overview:
Trend is bearish.

Current situation:
Litecoin price came out of the accumulation zone up and is trading above $60. We expect the price to continue to rise to the $65- $72 zone. Cancellation of the signal is a price reduction below $57.

Resistance levels: $62; $65; $67; $72; $75.
Support levels: $60; $57; $55; $50; $46.

Forecast:
Continuation of the growth of the price of Litecoin to the $65- $72 zone.